Part 7Employment income: share-related income and exemptions

Chapter 1Introduction

421Application of Part 7 to office-holders

1

As indicated in section 417, this Part contains provisions relating to directors as well as employees.

2

But section 5(1) (application of employment income Parts to office-holders generally) does not apply to any of the provisions of this Part.

3

This is subject to section 549(5) (application of Chapter 11 of this Part).